AGA Applauds Ohio’s Sports Betting Structure and Launch Date

AGA Applauds Ohio’s Sports Betting Structure and Launch Date

Ohio Sports Betting

According to the American Gaming Association, things are already looking up for Ohio’s sports gambling business as the state is setting up its operations.

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AGA Applauds Ohio’s Sports Betting Structure

Casey Clark, the senior vice president of the AGA, believes that the state has done an excellent job setting up its fundamental infrastructure. 

There are a lot of local brands that sports bettors would love to back in Ohio, which is on pace to become the 32nd state to start legal sports betting, and Ohio is on its way to becoming that state.

The Industry of Gambling on Sports in Ohio Set to Explode

Around one thousand eating establishments, bowling alleys, and other types of businesses have received permits from the state. 

Any resident or visitor of Ohio who is at least 21 years of age will be able to bet up to $700 per week beginning on January 1. This is a part of the state’s larger goals to protect customers at all costs.

 This legislation was proposed by Senator Niraj Antani, who contends that the state is eager to ensure that individuals do not wind up spending frivolous amounts of money from the very beginning of betting operations, nor do they develop poor habits that could cost them dearly in the future.

The types of wagers that can be placed at kiosks will be restricted to spreads, totals, moneylines, and parlays. These are the types of wagers that are generally accepted in other states. 

According to the AGA, Ohio will undoubtedly drive a significant amount of interest due to the state’s $9 billion in annual wagers and an additional $63 million provided as state and local taxes.

Forms of gambling that are still prohibited

However, Clark stressed that the problem of illegal gambling is still a concern, and Americans continue spending half a trillion dollars on unlicensed and offshore gambling businesses. 

Clark stated unequivocally that these operators couldn’t care less about the health of their customers and don’t pay any taxes.

While the state of Ohio is working to get its business in order, gamblers won’t be able to place bets on every sporting event. For instance, the state has removed high school sports from the list of games that can be wagered on, which makes Ohio a bit of an anomaly in the United States. Pre-recorded events, which typically involve virtual sports and are another type of gambling that is not allowed, are outlawed.

In addition, it is not possible to make a profit off of competitions that elementary or secondary schools support and in which more than fifty percent of the competitors are under the age of eighteen betting market.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.